Mortgage companies that offer high-interest subprime mortgages tend to target minority communities because it is more difficult for racial minorities to obtain mortgages due to:

Question

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Discrimination in the housing market has resulted in racial minorities being denied mortgages or receiving subprime mortgages with higher interest rates and less favorable terms, despite having similar qualifications to white applicants. This has been well-documented in studies and has contributed to the large racial wealth gap in the United States.

Mortgage Companies That Offer High-Interest Subprime Mortgages Tend to Target